UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):   June 5, 2013

 

HELMERICH & PAYNE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-4221

 

73-0679879

(State or other jurisdiction of
Incorporation)

 

(Commission File
Number)

 

(I.R.S. Employer
Identification No.)

 

1437 South Boulder Avenue, Suite 1400

Tulsa, Oklahoma 74119

(Address of principal executive offices)

 

(918) 742-5531

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

 

o             Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

 

 

 


 

Item 8.01.  OTHER EVENTS.

 

On June 5, 2013, Helmerich & Payne, Inc. (“Registrant”) issued a press release announcing that the Directors of Helmerich & Payne, Inc., at a Board of Directors meeting held on June 5, 2013, declared a quarterly cash dividend of $0.50 per share on its common stock, payable August 30, 2013, to stockholders of record at the close of business August 15, 2013.  This $0.50 quarterly dividend represents a $0.35 increase from the $0.15 dividend paid in the previous quarter.  A copy of the press release is attached as Exhibit 99 to this Report on Form 8-K.

 

This information is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS

 

(d)           Exhibits

 

Exhibit No.

 

Description

 

 

 

99

 

Helmerich & Payne, Inc. press release dated June 5, 2013

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 5, 2013

HELMERICH & PAYNE, INC.

 

 

 

 

 

By:

/s/ Steven R. Mackey

 

 

Name:  Steven R. Mackey

 

 

Title:    Executive Vice President

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99

 

Helmerich & Payne, Inc. press release dated June 5, 2013

 

2

Exhibit 99

 

NEWS RELEASE

 

HELMERICH & PAYNE, INC. / 1437 SOUTH BOULDER AVENUE / TULSA, OKLAHOMA

 

June 5, 2013

 

HELMERICH & PAYNE, INC. SIGNIFICANTLY INCREASES REGULAR DIVIDEND

 

Helmerich & Payne, Inc. (NYSE: HP) announced today that its Board of Directors declared a dividend of $0.50 per share of common stock for its third quarter of fiscal 2013 ending June 30, 2013.  This represents a very significant increase from the Company’s prior quarterly regular dividend level of $0.15 per share.  The dividend is payable on August 30, 2013 to shareholders of record at the close of business on August 15, 2013.

 

Company Chairman and CEO, Hans Helmerich commented, “We are pleased to be in position to deliver a meaningful level of yield to our shareholders while retaining a strong ability to continue to pursue growth opportunities.”

 

Helmerich & Payne, Inc. is primarily a contract drilling company. As of June 5, 2013, the Company’s existing fleet included 302 land rigs in the U.S., 29 international land rigs and nine offshore platform rigs. The Company’s global land fleet includes 300 FlexRigs®*.

 

*FlexRig® is a registered trademark of Helmerich & Payne, Inc.

 

Contact:

Investor Relations

investor.relations@hpinc.com

(918) 588-5207